Located in the Indian Ocean southwest of the Bay of Bengal, the pear-shaped South Asian Island nation Sri Lanka is in the throes of its worst-ever economic and political crisis. He also proposed selling off Sri Lankan Airlines as part of an effort to stabilize the nation’s finances. Cut in fertilizer importsBefore the ban, Sri Lanka used to spend around US$ 400 million annually on fertilizer imports. Of the total tourists who visited Sri Lanka till February, Russians accounted for 15.8% and Ukrainians accounted for 8.7%. About 167,863 Chinese tourists visited Sri Lanka in 2019, according to a report published by the Sri Lanka Tourism Development Authority.

Source: The Nation May 19, 2022 00:00 UTC